Is not the FDA approval but the Euro and Europe. As weeks go by and no resolution to the european crisis. Europe is slowly sinking into recession and maybe depressions. The US printing their way out and the economic numbers plus unemployment are starting to look better.
Perifosine licensing in Europe will be worth nothing if the Germans don't come to the table and they won't!!
You people have tunnel vision! Look where investment and big money is going. We have been in Stagflation and need some inflation for economy to move. Follow the money !!!! That is the #1 rule for markets and business.
My point is you will not get what you want for any assets in Europe. This will be a 2008 for Europe and what happened to Aezs. It Should not be that bad because most assets are here and Canada but any assets in Europe will freeze until they are so pressed and deep in trouble Merkel and the Germans will cave in. I believe things will turn bad in January.
Not stupid but reality! What will happen if Europe breaks up. Talk about desperation the IMF is in Brazil asking them for money. China has refused to contribute. There the only ones that have that amount of money to help. The European banks are worse off than our banks plus we had Bernanke that was able to print his way out. The EU can't unless they change their doctrine. There is big trouble coming and Geitner will be in Germany tomorrow meeting with the Germans treasury secretary.
When they put the EU together they never made provisions for bad times.
I wouldn't worry about Perifosine and FDA and immediate danger is Euro and Europe!!
Geitner and Bernanke have the US international banks propped with cash for weeks in case of a failure.
During a recession, people really don't have less money. They just hide their money in other places such as gold and silver. So, in case they have an illness like cancer, they will spend that money to save their life. Therefore, the recession do not make a difference in the cancer drug business. People always put their own life before others.
This may be a light recession for the US but for Europe it will deep, hard and long. They have done worse damage than the United States. If a bank goes under which was the talk last week and IMF stepped in with cash but they can't and don't have the resources to save everyone.
There is more to the world than Aezs and Kerx.Read fellows don't be ignorant !!
Germany's manufacturing numbers are terrible. There was a bund (german bond) sale last week nobody bought! One of the worst in 40 years.
KERXIE desperation on the rise!
But if you've watched KERXIE market cap fall from 3X AEZS down to about even it explains it.
Will major pharma companies stop pursuing life extending drugs in Europe because of the economic crisis?Did they stop pursuing in the EU and US back in 2008-2009?
We've heard it all;communists,scientologists,shorts,hedge plays, and now the Euro!
Keep trying KERXIES!Whatever gets you through the night!